Trading the stockmarket (NO Referrals)

[Trig]

perhaps it is down for good and it's all over, but don't forget, last thursday it went from 470 to 120 or so and then back up to finish the week at 328.

if you beleive in the squeeze it was always expected to drop, but hopefully not by much so that when the squeeze comes it rises faster.

at some point one of these hedge funds are going to decide that it's low enough to buy all the stock they need to buy, and in theory it should set off a panic buy from the other hedge funds that want to do the same while the price is low.

Here's hoping...
Not sure what my bail point on it is at the mo tbh, I'll wait until the markets open and decide, maybe..

 

[Deleted User 298457]

Buy the dip. Closed market trading is BS, lol.

 

[LeMson]

r/wallstreetbets

I've been following that all week, which is why I know the silver story was BS.

So the news are knowingly lying but forced into doing it - shady
Just copying each other - lazy
Has been looking at same sub as me and drawn the opposite conclusion - O_o

 

[Minusorange]

I wonder who's still buying all these shares in afterhours though, can totally understand why folk would think it's over and wouldn't blame all the people who bet more than they could afford wanting to pull out either, I just think with all the crazyness this had brought I don't quite think it's over and it's got one or two more surprises before fizzling out completely.

 

[booyaka]

Reddit is still full of people "pumping" AMC/GME. It's just plain stupid now.

Just read the comments

I suspect the hedgies are illegally covering their short positions

- You don't know anything - you are making stuff up.

***READ THIS - THEY ARE SCREWED - NUMBERS DONT LIE

- Utterly blind faith and nothing else.

The short squeeze is a ticking time bomb right now and all we have to do is hold to win. In a matter of days, short sellers will be FORCED to close their positions and clearing houses will be forced to purchase shares for all Fail-to-Delivers forcing the price to skyrocket and the squeeze to be squozen.

HOLD TIGHT YOU RETARDS, WE'RE GOING TO THE MOON.

- I mean honestly - do you actually believe this??

It's over, it's dead in the water.....More than half the shorts positions have exited....

Don't waste your time on it....It was an opportunity to make some money for a few days at most. It's a dead bricks and mortar retailer.

 

[arknor]

Mmmm, it's a great time to do that, shame my ISA is maxed out and all my other positions are down too so I don't want to sell anything. My avg is 293p which is looking further and further away as the days go on. Ah well, it was always a long term hold, I don't need to withdraw the money so there's no point in worrying about it. If you don't have BP shares, now-ish would be a great time to buy in. The rubbish earnings report has come and the price has taken the hit, all the baked in optimism of a quicker recovery that existed 3 weeks ago is gone and genuine optimism is returning with the vaccine and senior politicians, who have recently been very cautious, now making noises about us enjoying a summer again along with news of 10million vaccines set to hit the headlines tomorrow.

I'm @ 2.73 average and still kinda worried, it's became a pretty large percent of my portfolio

I'm bailing at-least 65% of my shares as soon as I hit a small profit unless it looks like it's on a climb towards 290 again

BTW it will probably dip again when the US markets open because of the other ticker

or maybe not watch the premarket for us ticker https://www.marketwatch.com/investing/stock/bp?mod=mw_quote_switch
if it goes down so will our ticker when US market opens

 

[Martynt74]

For anyone that read Reddit prior to all this. How was the quality of posting?

I presume there were less spammy posts like the above. I've seen some actually decent, well written DD on there with regards to some companies. Which suggests there are some people capable of intelligent thoughts. However now 99% of the posts are just people repeating things they've heard and trying to justify their actions.

 

[Chris1712]

Until the squeeze has been squoze, I'm in.

 

[tlrBeta]

For anyone that read Reddit prior to all this. How was the quality of posting?

I presume there were less spammy posts like the above. I've seen some actually decent, well written DD on there with regards to some companies. Which suggests there are some people capable of intelligent thoughts. However now 99% of the posts are just people repeating things they've heard and trying to justify their actions.

I've always found reddit difficult to use, not sure why (maybe the UI).

It's even more crazy now and I really do feel all people care about is themselves and profit.

 

[Ahleckz]

We've seen huge drops in GME during after hours, especially round this time. It often recovers before opening. The usual suspects on here (I'm looking at you @413x ) have been claiming every day for the last week that it's going to tank.

Now, it might. It might not. To take the after hours trading showing it in a bad position now is wrong. Like the big drop we saw the other day in trading hours which saw a good recovery. This share is all over the place, and the normal rules and traits can't be relied on. It's a casino, a roulette wheel. It's hit a few blacks whilst everyone is betting on red. But just because there's been 10 black spins in a row doesn't mean there's another one coming. Or indeed, a red one.

 

[Casdawer]

For anyone that read Reddit prior to all this. How was the quality of posting?

I presume there were less spammy posts like the above. I've seen some actually decent, well written DD on there with regards to some companies. Which suggests there are some people capable of intelligent thoughts. However now 99% of the posts are just people repeating things they've heard and trying to justify their actions.

It's gone down hill massively sine GME and AMC.

It used to have some form of intelligence to its bets but now it's just people saying that the short squeeze WILL happen and people just need to keep holding. Some of those people are genuine but I believe most are telling people to hold so that they can sell their stock and get some kind of payout.

I was lucky enough to get in at $70 for GME but stupid enough to set a Sell Limit on the day of the restrictions.

I'll give it till 3:30pm for AMC to show some positive movement otherwise I'm out. This whole wait till Thursday/Friday thing could be right and I'll look back and ask myself why I sold at a loss but right now, I just cannot see how AMC is going to recover back to my average of $14.

 

[Deleted User 298457]

For anyone that read Reddit prior to all this. How was the quality of posting?

I presume there were less spammy posts like the above. I've seen some actually decent, well written DD on there with regards to some companies. Which suggests there are some people capable of intelligent thoughts. However now 99% of the posts are just people repeating things they've heard and trying to justify their actions.

There is still some decent analysis going on. But the meme stock definition is probably an accurate one.

Reddit is still full of people "pumping" AMC/GME. It's just plain stupid now.

Just read the comments

- You don't know anything - you are making stuff up.
- Utterly blind faith and nothing else.
- I mean honestly - do you actually believe this??

It's over, it's dead in the water.....More than half the shorts positions have exited....

Don't waste your time on it....It was an opportunity to make some money for a few days at most. It's a dead bricks and mortar retailer.

Your post has just as much content in it as the ones you have quoted. Perhaps you could pick apart and critically assess one of the more useful posts that have appeared on there in the last few hours?
https://www.reddit.com/r/wallstreet...i_suspect_the_hedgies_are_illegally_covering/

 

[Minusorange]

For anyone that read Reddit prior to all this. How was the quality of posting?

It's more crazy than it was, but you still had people going all in and showing off their losses just they weren't all on the same stock, there was some quality DD posts but you have to put some effort in finding them

Not sure it's going to go back to like it was before though, not with nearly 4x as many members joining in the space of a week, it's probably going to be a wholly different subreddit after GME dies away

 

[Martynt74]

It's more crazy than it was, but you still had people going all in and showing off their losses just they weren't all on the same stock, there was some quality DD posts but you have to put some effort in finding them

Not sure it's going to go back to like it was before though, not with nearly 4x as many members joining in the space of a week, it's probably going to be a wholly different subreddit after GME dies away

I suppose it'll either drop back to those levels, or all the people who've lost on GME will hang around desperate to be in from the start on the next thing.

 

[413x]

We've seen huge drops in GME during after hours, especially round this time. It often recovers before opening. The usual suspects on here (I'm looking at you @413x ) have been claiming every day for the last week that it's going to tank.

Now, it might. It might not. To take the after hours trading showing it in a bad position now is wrong. Like the big drop we saw the other day in trading hours which saw a good recovery. This share is all over the place, and the normal rules and traits can't be relied on. It's a casino, a roulette wheel. It's hit a few blacks whilst everyone is betting on red. But just because there's been 10 black spins in a row doesn't mean there's another one coming. Or indeed, a red one.

It lasted a bit longer than I expected. Especially the second wave. I wasn't expecting that. But it is now Tanking.

Now its dropped to this level. All bets are off. Dead cat bounce? Possibly.

My guess now is it will bumble around moving up and down but a gradual trend to somehwre below 100 but above where it was before. Could take weeks

Going to be a lot of hodlers who just stay in no matter what now

 

[booyaka]

Your post has just as much content in it as the ones you have quoted. Perhaps you could pick apart and critically assess one of the more useful posts that have appeared on there in the last few hours?
https://www.reddit.com/r/wallstreet...i_suspect_the_hedgies_are_illegally_covering/

Critically assess the above post....It's a decent interesting post about shorts and reporting - right up until this comment.

I 100% think that Melvin is committing massive securities fraud.

Based on what? - The title of the thread even says "I suspect" - I can't critically assess a thread that "suspects" something, and then flat out accuses someone of fraud....It's nonsense. Posters/people who are heavily invested into a stock will always find a way to "pump" the stock. He's got some more technical jargon in his post to make it sound interesting and real, but in reality, there is no substance to any of his allegations.

Do I honestly believe some reddit poster, called Deejay Roomba, has uncovered a massive securities fraud in the last 3 days.... no, sorry, not for me.

If he has - why is he not reporting to the FBI? SEC etc? There is nothing there.

It's just another classic example of "pumping" a stock, cause he's too heavily invested to see the reality of the situation. It was a freak moment in time, where a poor performing bricks and mortar retailer was shorted, and people jumped on it to make some money. (i did, i'm out) - It's going to revert to type within the next few weeks. There is no massive fraud going on here, there is no "too the moon" moment. If there is, I'll happily come back on and say I was wrong.

 

[uncle_rufus]

It has a lot of the same problems as the investing threads here and everywhere else do... not knowing how much skin everyone has in the game

"I'm holding no matter what, look at the volumes the short laddering this is all a tactic etc. stay strong apes blah blah"

... says someone whose entire portfolio is a 3-figure worth of exclusively GME stocks. I realise this is gatekeeping / being elitist, but really - can those people even really call themselves investors / traders?

 

[413x]

It has a lot of the same problems as the investing threads here and everywhere else do... not knowing how much skin everyone has in the game

"I'm holding no matter what, look at the volumes the short laddering this is all a tactic etc. stay strong apes blah blah"

... says someone whose entire portfolio is a 3-figure worth of exclusively GME stocks. I realise this is gatekeeping / being elitist, but really - can those people even really call themselves investors / traders?

People rarely post losses.
And yes. 10k when you're a millionaire is nothing.

If someone on 40k a year is in with 10k.that's very different and does change things

 

[Skillmister]

It's over, it's dead in the water.....More than half the shorts positions have exited....
.

According to what, S3's guesstimate that offered 2 massively contradicting opinions within a few hours of each other and has potentially re-calculated it based off the synthetic shares rather than the actual real float? No one knows as the latest official data isn't even released yet.

https://www.nasdaq.com/articles/are...buy-right-now-5-names-to-watch-2021-01-31?amp

"As of January 29th GME stock is still the most heavily shorted stock in the market, with a short interest of 121.07%"

How exactly did more than half of the shorts exit over the weekend without the price rising? Please explain